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Oct 7, 2013
10/13
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then sagging economies. and low income economies and touch on the arab countries in transition where we're seeing major development. first we start with the advanced economies. in a few days' time, the imf will be releasing the latest forecast. but overall, the global outlook remains still to this day subdued. yet, we're seeing signs of hope. growth is looking up. financial stability is returnin returning. fiscal accounts are looking healthier. i'm saying that with a caveat, not sending the current development in this economy, and i will return to that in a moment. nowhere is it and i hope clearer will it be than in the united states. the house holds are in better shapes, the private sector engine is humming again. yet, this year, growth is going to be too low. it will be below 2%. in the united states. due to too much fiscal adjustment that is not tailored as it needs to be. it should ease up next year with growth that should be about 1% higher. let me pause for a second here. there's some pretty good heads
then sagging economies. and low income economies and touch on the arab countries in transition where we're seeing major development. first we start with the advanced economies. in a few days' time, the imf will be releasing the latest forecast. but overall, the global outlook remains still to this day subdued. yet, we're seeing signs of hope. growth is looking up. financial stability is returnin returning. fiscal accounts are looking healthier. i'm saying that with a caveat, not sending the...
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Apr 22, 2013
04/13
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>> the deficit is how our economy sucks. >> next question. >> i'm pretty sure it has to do with the economy and the government. >> lack of something. >> the debt. >> the deficit is the debt in our country. >> it is debt that is owed to other countries that we can't pay. >> i really have no idea what the deficit is. >> although much of the younger generation is unaware of what exactly the deficit is, the issue is still an enormous factor in the nation, economy, and our future. >> dear mr. president, in order for the united states to continue sustaining the life of freedom and liberty, amending the growing deficit and debt shou issue to consider in your presidential term. >> at the moment, our future is constantly on our minds. from school to extracurriculars like athletics and art most of what we do is part of our preparation for a better future. it is important to us. >> in the united states, the economy is a significant part of our society. buying, selling, trading, borrowing, and using money to fuel economic growth locally and nationally. it eventually leads us to stability and prosperity
>> the deficit is how our economy sucks. >> next question. >> i'm pretty sure it has to do with the economy and the government. >> lack of something. >> the debt. >> the deficit is the debt in our country. >> it is debt that is owed to other countries that we can't pay. >> i really have no idea what the deficit is. >> although much of the younger generation is unaware of what exactly the deficit is, the issue is still an enormous factor in...
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Sep 2, 2013
09/13
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he is shooting the latter, doing that by pulling back the global economy, pulling back from any sorts of major initiatives that would involve russia's economy being more dependent than it already is and that it inevitably will be beine dependent than it already is and that it inevitably will be on the global economy, and rather, making itself more self- sufficient. it explains why a number of the economic policies he has adopted inside russia for large prospects will provide a , butger domestic market also, his extraordinary focus on the eurasian union, the idea of uniting many of the former soviet countries back in a tighter economic union to provide a big market that would be something like the old soviet economic system like the expanse, not the system. this expands -- explains, putin is not really interested in a global type of monetization .ased on globalization that happens to coincide. these are separate issues, but it happens to coincide with the of theteve identified domestic political threat represented by the creative .lass, based in moscow it exactly represent and are conn
he is shooting the latter, doing that by pulling back the global economy, pulling back from any sorts of major initiatives that would involve russia's economy being more dependent than it already is and that it inevitably will be beine dependent than it already is and that it inevitably will be on the global economy, and rather, making itself more self- sufficient. it explains why a number of the economic policies he has adopted inside russia for large prospects will provide a , butger domestic...
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Dec 16, 2013
12/13
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it's our economy. for whatever reason, significant growth of the people at the the income scale as it polarizes, the more assistance we need. the fact is that there are of americans who are working hard and they're not of enough for the basics life. o they need subsidy for housing, for food stamps, food tamps is one that's sort of uniform for everyone. housing, some get it, some don't. health care, e of the very lowest get on medicaid. the -- the problem of cost of insurance for that's of others and part of the cost and what obama affordable care act deals with. we have that kind of polarization of income, those public costs are going to increase. if i can pull out what i think is the theme both of you ave raised is now they're away from the issue of does the not?rnment stay open or we're now going to get into the invest in.t what we the national institute of health, food stamps? need to look at a reform of how that money is going into food stamps? we're going to see a shift in the debate and we're foc
it's our economy. for whatever reason, significant growth of the people at the the income scale as it polarizes, the more assistance we need. the fact is that there are of americans who are working hard and they're not of enough for the basics life. o they need subsidy for housing, for food stamps, food tamps is one that's sort of uniform for everyone. housing, some get it, some don't. health care, e of the very lowest get on medicaid. the -- the problem of cost of insurance for that's of...
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Oct 14, 2013
10/13
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-- they wrote about the economy then and now. when the government shut down the 1985-96, silicone valley, the burgeoning tech sector. unemployment 5.6% and most economic forecasts showed growth. the same could not be said about the economy. unemployment shrunk to 7.3%. the labor, the number of people who have a job or looking for one is lowest rate since august of 1978. arkansas on the democrats line. high? >> caller: yes, thank you. my question is i know that you read this. we the people we the people want some of it back. i do not understand why both parties, i voted democrats. but both parties are pointing the fingers to each other and saying this and that. and also, it's a shame that i listen to this on tv. people getting food stamps cut, medicaid cut. why are we sending money overseas like egypt and all of the other countries and humanity here. it was an out and out shame to our country to be on tv and a woman, a veteran, died for this country. she didn't get her benefits. they finally voted it through that she did. but it's
-- they wrote about the economy then and now. when the government shut down the 1985-96, silicone valley, the burgeoning tech sector. unemployment 5.6% and most economic forecasts showed growth. the same could not be said about the economy. unemployment shrunk to 7.3%. the labor, the number of people who have a job or looking for one is lowest rate since august of 1978. arkansas on the democrats line. high? >> caller: yes, thank you. my question is i know that you read this. we the people...
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Jan 28, 2013
01/13
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even though everybody did say, economy, economy, they were clearly thinking about other things. folks in many places were not prepared to take on some of these battles and proactively go after it like you are talking about. windows things on the war on women came out. not enough. not with the force they came out on their side. we put all our eggs in one basket and people were not prepared this time around. >> there were a few myths. one that should not get established after 2012 is that women trip to the polls to vote on the issue of contraception and abortion. that is not supported by the exit poll data at all. abortion and contraception barely registered on the list of issues that women cared about. or men, for that matter. that is one thing. another thing to bear in mind is, all the polling, this is been true for decades and has not changed very much, is that when you look at voters who say that abortion is very important to them and influences their vote for a candidate, it is split about evenly pro-life and pro-choice. the notion that this is an issue that is particularly h
even though everybody did say, economy, economy, they were clearly thinking about other things. folks in many places were not prepared to take on some of these battles and proactively go after it like you are talking about. windows things on the war on women came out. not enough. not with the force they came out on their side. we put all our eggs in one basket and people were not prepared this time around. >> there were a few myths. one that should not get established after 2012 is that...
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Dec 2, 2013
12/13
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they focused on global economy to business investment. u.s. trade representative michael froman was one of the speakers. trade ed about the u.s. deals including the transpacific the ership agreement and transalantic partnership with europe. this is a little more than 20 minutes. >> good morning. i appreciate you joining us, ambassador. there's lots to talk about. massive agreements being negotiated in asia and europe. that in a timeay of political paralysis, the an nistration is taking aggressive tone on trade. >> what we have the most vicious now.e agenda right the transpacific partnership, 12 transalantic creative investment partnership, when two, we'llwith those have free trade with 65% to 0% of the global economy. we have three negotiations going on right now in geneva, on trade facilitation, on the elimination barriers, on the technology products and on services. thehere's a lot going on in trade side. and what we achieve these agreements and get them approved congress, it will position the u.s. very well as being a place where people wan
they focused on global economy to business investment. u.s. trade representative michael froman was one of the speakers. trade ed about the u.s. deals including the transpacific the ership agreement and transalantic partnership with europe. this is a little more than 20 minutes. >> good morning. i appreciate you joining us, ambassador. there's lots to talk about. massive agreements being negotiated in asia and europe. that in a timeay of political paralysis, the an nistration is taking...
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Aug 5, 2013
08/13
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the two parties are hoping there can be a pickup in the economy. it'll be something that people feel for the better in their pay package as well. stop seeing the issue for we see inflation outstripping pay package. getting -- some people poor. it is political. it will be about two people blame. even if we see economic we know where the country should be asked. and they will blame george osborne for that. not only can they make the economy grow and make a perform, also who with the public give credit or blame depending on where we are by the general election. crucially, is it combatant to take over in 2015? >> the battles ahead. the mps return in september. se. they continue a high-speed rail line and cell of royal mail and a bill on lobbying. will be back on september 2 at 11:00 p.m.. goodbye. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> is a look back at some the major events in the british parliament over the past few months. the british house of commons is, -- is currently in
the two parties are hoping there can be a pickup in the economy. it'll be something that people feel for the better in their pay package as well. stop seeing the issue for we see inflation outstripping pay package. getting -- some people poor. it is political. it will be about two people blame. even if we see economic we know where the country should be asked. and they will blame george osborne for that. not only can they make the economy grow and make a perform, also who with the public give...
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Oct 14, 2013
10/13
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at this point, it threatens the whole economy. is threatens -- it threatens the markets and the american dollar. guest: you have both parties and the executive ranch say, ok, let's take another look at simpson-bowles, the commission that made recommendations. at least those recommendations were starting point. host: thanks for being with us. up next on "washington journal," -- >> on the next washington journal, steve bell reviews the options of the treasury department for meeting its united states the default on the debt limit. kaiser health news correspondent julie appleby look seven number of people signed up on the health care exchanges since they opened october 1 and the difference between the state and federal run exchanges. and president and ceo joseph talks about the impact of the shutdown and sequestration. 7:00 a.m. eastern on c- span. .> next, a senate hearing after that, q&a with former white house chief of staff josh bolten. >> we are at the lou henry hoover house. it is significant because this was the primary residen
at this point, it threatens the whole economy. is threatens -- it threatens the markets and the american dollar. guest: you have both parties and the executive ranch say, ok, let's take another look at simpson-bowles, the commission that made recommendations. at least those recommendations were starting point. host: thanks for being with us. up next on "washington journal," -- >> on the next washington journal, steve bell reviews the options of the treasury department for...
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Dec 23, 2013
12/13
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at this time to of the u.s.outlook economy. a strong u.s. economy is good for the global economy. your support is assurance of america's supreme commitment to ushering in an era of shared prosperity. has been avernment staunch ally in our crusade to issue good governance and inclusive growth. growth isrship for newsting us in exploring frontiers to sustain economic gains. the motto of the it ministration is good government is good economics. we have proven that, averaging growth of 6.3%. the support of the u.s. administration in technical help in furthering our bilateral relationship is important in sustaining that. thankful for the existence -- assistance extended by the government in the aftermath of super-typhoon haiyan or yolanda. change is for real. excuse me. the impact of global climate change in our economic development is something we must be mindful of. we need to work on innovative and creative solutions to strengthen the resiliency of our communities to natural hazards. we need to place climate change in the front and center of our social contract. to work, we stand re
at this time to of the u.s.outlook economy. a strong u.s. economy is good for the global economy. your support is assurance of america's supreme commitment to ushering in an era of shared prosperity. has been avernment staunch ally in our crusade to issue good governance and inclusive growth. growth isrship for newsting us in exploring frontiers to sustain economic gains. the motto of the it ministration is good government is good economics. we have proven that, averaging growth of 6.3%. the...
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May 10, 2013
05/13
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yet " our economy is doing better than this other economies, but if we want to continue, we have to have the most skilled and protect the people. ofdad is one of those, one nine, and everyone of us has an example like this. one of those kids that drew up in a house without electricity, without running water the first and only one in the family who got past the fifth grade. stories every single day of my life. my dad did not grow up with a lot of money, but when he was raising his family, he will tell us this -- i will not give you a famous last name or inheritance, but i will make sure you get a great education. in america there is no limit you can do if you have a great education. i have seen it in my family, this is what we stand for as a party. we spent too much time as your criticizing the other part the other side without saying what we were for. we allow them to characterize of spirit you want everybody to have that dream that my dad has pursued, that your grandparents pursued, if your grandparents that were the first in your family. that brings me to my final point. when need to b
yet " our economy is doing better than this other economies, but if we want to continue, we have to have the most skilled and protect the people. ofdad is one of those, one nine, and everyone of us has an example like this. one of those kids that drew up in a house without electricity, without running water the first and only one in the family who got past the fifth grade. stories every single day of my life. my dad did not grow up with a lot of money, but when he was raising his family,...
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Aug 23, 2013
08/13
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[applause] in the last four years, our economy has grown, on average, 0.9% a year. to put that in context, there is only one other period post world war ii of four consecutive growth of -- four consecutive years of no growth, on average. that was coming out of jimmy carter, and it was the same economic policy. it produced the exact same economic stagnation. i think restoring economic growth ought to be a bipartisan executive. priorityto be the top of every elected official, republican or democrat. growth is foundational to everything else. if you want to turn around unemployment, we have to have gross. if you want to maintain the strongest military in the world to protect our national security, you have got to have gross. growth. [applause] how do you get growth? three simple steps. reining in the out-of- control spending and unsustainable debt in washington . [applause] last fall, i had the privilege of speaking at the republican convention down in tampa. i talked about our little girls. that evening, heidi and i got back to the hotel room, about 1:30 in the mornin
[applause] in the last four years, our economy has grown, on average, 0.9% a year. to put that in context, there is only one other period post world war ii of four consecutive growth of -- four consecutive years of no growth, on average. that was coming out of jimmy carter, and it was the same economic policy. it produced the exact same economic stagnation. i think restoring economic growth ought to be a bipartisan executive. priorityto be the top of every elected official, republican or...
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Apr 29, 2013
04/13
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was a l oposal drawn from the head and memory and experience, propelled by the heart and it united economy and ethics in exasperation for a common shared europe. but yet the inspiration and achievementsth founders of the european union, we inherited the legacy cannot be taken for granted. today citizens in europe are threatened with an unconscious drift to disharmony, a loss of social cohesion. a recurrence of racism and an increasing deficit of democratic accountability in some decisionmaking of an economic and fiscal kind. these threatening clouds hang over a europe that in more hopeful times had chosen to base its anthem rather than anything contemporary on schiller's p "ode to joy" and the musical setting by ludwick van beethoven in his ninth symphony. parliaments matter. parliaments must continue to matter. centuries of effort have been invested by european citizens in securing the vote, for example, in extending the vote, and it is to parliament citizens look for accountability, for strategical lternatives. and if the european parliament were to lose the capacity to deliver accountab
was a l oposal drawn from the head and memory and experience, propelled by the heart and it united economy and ethics in exasperation for a common shared europe. but yet the inspiration and achievementsth founders of the european union, we inherited the legacy cannot be taken for granted. today citizens in europe are threatened with an unconscious drift to disharmony, a loss of social cohesion. a recurrence of racism and an increasing deficit of democratic accountability in some decisionmaking...
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Jul 22, 2013
07/13
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the last four years, our economy has averaged 0.9% growth per year. there is only one other time before world war ii of less than one percent gdp growth, 1979- 1982 coming out of the jimmy carter administration, the same failed economic policy about out-of-control spending, taxes, and it produces the exact same economic stagnation. we want to get it going again, get it strong and there are three ways you do so. number one, you finally rein in out-of-control spending and unsustainable debt. back last fall, i have the opportunity to speak at the republican convention and i spoke about the national debt, talked about our two little girls. afterwards, i went back to the hotel room and it pulled out my iphone again looking at twitter. it so happened that the comedian paula poundstone was watching the convention that night. i guess she did not have anything better to do. [laughter] she sent a tweet and said, "ted cruz just said when his daughter was born the national debt was $10 trillion and now it's $16 trillion. what the heck did she do?" [laughter] heid
the last four years, our economy has averaged 0.9% growth per year. there is only one other time before world war ii of less than one percent gdp growth, 1979- 1982 coming out of the jimmy carter administration, the same failed economic policy about out-of-control spending, taxes, and it produces the exact same economic stagnation. we want to get it going again, get it strong and there are three ways you do so. number one, you finally rein in out-of-control spending and unsustainable debt. back...
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67
Sep 23, 2013
09/13
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even when we hear good news about the economy, they are miserable. they rather it be bad just to score points against us. i have a message for labor today. you can't just to duck responsibility for the past and refused to spell out what you do in the future and expect people to give you a blank check. you can sit and wait for the british people to come back to you, but don't hold your breath. [applause] if there is one area all of the parties need to put politics aside, it is europe. britain's place in it. the conservatives have this bizarre view that we can turn our back on europe and still lead in the world. as if we will be taken seriously by the american, chinese, indian, all the big superpowers of the modern world when we are isolated and irrelevant in our own backyard. the truth is, we stand tall in washington, in beijing, in delhi, in brussels, paris, berlin. i know it. i have worked there. i have seen with my own eyes what can be achieved for britain by engaging with our neighbors and building the world's largest borderless single market a wh
even when we hear good news about the economy, they are miserable. they rather it be bad just to score points against us. i have a message for labor today. you can't just to duck responsibility for the past and refused to spell out what you do in the future and expect people to give you a blank check. you can sit and wait for the british people to come back to you, but don't hold your breath. [applause] if there is one area all of the parties need to put politics aside, it is europe. britain's...
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Aug 19, 2013
08/13
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economy. we'll talk to robert bigs bi. as part of c-span's partnership, details on the federal health care law with senior correspondent julie appleby on the administration's decisions to delay limits on out of pocket expenses. and a ruling on the nuclear regulatory commission's review of the yucca mountain and its cause. the washington correspondent for the las vegas sun. washington journal live at 7:00 a.m. eastern on c-span. >> if we turn away from the needs of others, we align ourselves with those forces which are bringing about this suffering. >> obesity in this country is nothing short of a public health crisis. >> little antennas when somebody has their own agenda. >> it's a shame to waste it. >> i think they serve as window on the past to what was going on with american women. >> she's compromised. she's really in a way the only one in the world he could trust. >> a lot of them were writers. they are, in many cases, quite frankly more interesting as human beings than their husbands if only because they are not firs
economy. we'll talk to robert bigs bi. as part of c-span's partnership, details on the federal health care law with senior correspondent julie appleby on the administration's decisions to delay limits on out of pocket expenses. and a ruling on the nuclear regulatory commission's review of the yucca mountain and its cause. the washington correspondent for the las vegas sun. washington journal live at 7:00 a.m. eastern on c-span. >> if we turn away from the needs of others, we align...
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486
Nov 11, 2013
11/13
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working together, we will protect the jobs that we have, but we will work to diversify our economy. first is workforce training. for me, the best part of this campaign i was able to visit every single all 23 community colleges in the commonwealth of virginia. meet people of all ages who are gaining new skills for a new economy and finding opportunity to simplify to do what we need to do to make sure we have the jobs of the 21st century. they are our true asians of workforce development and we have reduced funding in the last 20 years by 40%. we need to make sure we're investing in our education system. when you take average virginia pay to average virginia pay, we rank 50 out of 50 states. fwheed to work together to pay our teachers what they deserve in the commonwealth of virginia. 80% of the brain is developed between birth and 3 years old, we need to make sure that we're investing in early childhood development. also, the passage of a funding bill is the first step in addressing the transportation problem we face in virginia. in the next four years, we have to prove to the taxpay
working together, we will protect the jobs that we have, but we will work to diversify our economy. first is workforce training. for me, the best part of this campaign i was able to visit every single all 23 community colleges in the commonwealth of virginia. meet people of all ages who are gaining new skills for a new economy and finding opportunity to simplify to do what we need to do to make sure we have the jobs of the 21st century. they are our true asians of workforce development and we...
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532
Nov 25, 2013
11/13
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we correct it by a smaller federal government and larger private economy. >> thank you, senator. >> good morning, sir. cadet john fogle. you talked a lot about dwight eisenhower. and our first president, george washington was also military commander. but in the constitution, we believe that the military should be headed by a civilian. and how do you feel about the importance of the military service in presidents past and future? >> well, one of the things i mentioned is the more people we have of been in combat and the military service in the government, i think it's interesting that during those periods of time when people look at it, we were less likely to be involved in war. if you talk to some of our bravest soldiers, they're not eager for war. i think people involved in combat are more circumspect than those who have never fought. is it a prerequisite? i don't think it is. it's useful to have many people involved and the idea of having civilians an important distinction, even when we elect a general like dwight eisenhower, we elected him as a civilian. you see other countries led by
we correct it by a smaller federal government and larger private economy. >> thank you, senator. >> good morning, sir. cadet john fogle. you talked a lot about dwight eisenhower. and our first president, george washington was also military commander. but in the constitution, we believe that the military should be headed by a civilian. and how do you feel about the importance of the military service in presidents past and future? >> well, one of the things i mentioned is the...
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Jul 15, 2013
07/13
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. >> i'm sure the prime minister will agree with me that there is no better way to build a stronger economy and a fair society than through apprenticeships. apprenticeships have doubled over the decade. i am on a mission to build on that success by working with his this is to create new apprenticeships in 100 days. is there opposition? >> i will support the campaign and the campaign of all members to take up apprenticeships. that encourages young people and businesses will stop -- businesses. they are taking on many more employees. >> nash. speaker, -- i would've to say that is a unique incident. what is the government doing to measure the effects of welfare reform on this country. ? >> i went to look at these places, but we need reform in those places. we need reform. .t is no good to gesticulate he is in favor of welfare reform and he opposed all 86 billion of the reforms that we made. >> engineering work, financed by does the prime, minister agree that this is a good example of sensible investments that leads to economic growth? but i think my friends is absolutely right. particularly so
. >> i'm sure the prime minister will agree with me that there is no better way to build a stronger economy and a fair society than through apprenticeships. apprenticeships have doubled over the decade. i am on a mission to build on that success by working with his this is to create new apprenticeships in 100 days. is there opposition? >> i will support the campaign and the campaign of all members to take up apprenticeships. that encourages young people and businesses will stop --...
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107
Nov 18, 2013
11/13
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prepare, a half a billion dollars to spend, is the same crowd that is now poised to take over 16% of our economy of the health care sector. president obama, though, said he didn't know any of this stuff was going to happen. he said he had no idea these problems were in the offering. we had kathleen sebelius come to the committee and say everything was ready to go. here's the issue -- if you outlaw the kind of insurance that people actually have, they won't be able to keep those plans. they passed the law three years ago to outlaw the kind of insurance people have and they're surprised people don't have them? >> congressman paul ryan last night in iowa, altoona, iowa campaigning with the eye on the possibility of running in 2016. this is a headline for john thank wiseman of "the new york times," in the fracus on health coverage, some feel exposed. the reversal of political fortunes in the past month has been head spinning. republicans were contending with the voter fury over the 16-day shutdown. democrats had the momentum. now over obama care, republicans have found their voice. >> if you represe
prepare, a half a billion dollars to spend, is the same crowd that is now poised to take over 16% of our economy of the health care sector. president obama, though, said he didn't know any of this stuff was going to happen. he said he had no idea these problems were in the offering. we had kathleen sebelius come to the committee and say everything was ready to go. here's the issue -- if you outlaw the kind of insurance that people actually have, they won't be able to keep those plans. they...
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Sep 15, 2013
09/13
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united states is engaged in a 21st century global economy that is more competitive than it ever has been, with countries around the world who are producing well-educated young people capable of learning and manipulating technology that a timefine this century, in which brainpower is the new currency of success. which the divisions that have often separated us, the divisions of geography, creed, are crumbling at a faster rate than any other time in human history. the question before us is -- what is the blueprint in this , the, in this century blueprint that america should to ensure prosperity. our friends on the other side of the aisle, they say the blueprint is this -- if everyone goes on their own, we will be fine. if everyone does their own thing and government leaves everyone alone, everything will be great. but i believe in a different blueprint. i believe in investing in the gi bill so that millions of americans can get a higher education. i believe in shepherding medicare to congress so that millions and millions of senior citizens can get the health care that they needed. ofeliev
united states is engaged in a 21st century global economy that is more competitive than it ever has been, with countries around the world who are producing well-educated young people capable of learning and manipulating technology that a timefine this century, in which brainpower is the new currency of success. which the divisions that have often separated us, the divisions of geography, creed, are crumbling at a faster rate than any other time in human history. the question before us is --...
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96
Dec 9, 2013
12/13
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interest in privacy and the economic health tech companies, the economic basis of the -- of the digital economy in this country. seen the figure of 36 billion is the likely damage to and uk companies because people are not going to trust on the basis of the stories that have come into the domain. so i think oversight has to include people who make -- who advocate. privacy you need somebody external who as the technical knowledge which i doubt many members of that committee have. $1.3 million., kinds hink there are all of questions and parliamentarians have started to ask whether it's right or whether it's a full select committee of the full house, right that the chair should be a former person who has dealings with the committees and responsibility for them. have enough hey resource and so on and so forth. o i think -- i'm hearing very helpful suggestions and interesting suggestions about reformed as might be a result of newspaper coverage. >> thank you. >> thank you. in austin? >> thank you. point what's this sort of of principle? that bviously, isn't it, all governments have intelligence and
interest in privacy and the economic health tech companies, the economic basis of the -- of the digital economy in this country. seen the figure of 36 billion is the likely damage to and uk companies because people are not going to trust on the basis of the stories that have come into the domain. so i think oversight has to include people who make -- who advocate. privacy you need somebody external who as the technical knowledge which i doubt many members of that committee have. $1.3 million.,...
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unless they take urgent economic steps to encourage investment, to tackle corruption and liberate their economy from the burdens those things impose, they will continue to face huge difficulties. an agreed imf program would be part of overcoming those difficulties. >> okay. >> finally then on that, is it not a little bit dangerous, exactly what you just pointed to, the fact that the imf's conditions essentially resulted in the situation which egypt has decided to take assistance from other gulf states without conditions instead of relyg on a more conventional relationship with financial institutions? there might be an argument that that's exactly the kind of world we don't want to encourage, exactly what we should have been doing for the last two years, is to make sure egypt was properly part of conventional international funding systems. we should have made a lot of concessions to make that possible, creating a world in which people go for easy money from gulf states. either in the uk or indeed it's not in the west's interests. >> let me let david comment on that. >> i don't think these are en
unless they take urgent economic steps to encourage investment, to tackle corruption and liberate their economy from the burdens those things impose, they will continue to face huge difficulties. an agreed imf program would be part of overcoming those difficulties. >> okay. >> finally then on that, is it not a little bit dangerous, exactly what you just pointed to, the fact that the imf's conditions essentially resulted in the situation which egypt has decided to take assistance...